Equity benchmarks continued to see buying interest led by capital goods, auto, healthcare and technology stocks. The 30-share BSE Sensex climbed 184.49 points to 26760.14 and the 50-share NSE Nifty jumped 55.75 points to 7983.50. The broader markets gained too with the BSE Midcap and Smallcap indices rising 1 percent and 0.8 percent, respectively. About 1343 shares have advanced, 545 shares declined, and 62 shares are unchanged on the Bombay Stock Exchange. Hero Motocorp topped the buying list, up over 3 percent as the two-wheeler maker expects to clock close to 1.5 lakh in retail sales on October 21. "Dhanteras sales of 1.5 lakh will be 40-50 percent growth (YoY)," it said. Tata Motors, Cipla, BHEL, Dr Reddy's Labs and Jindal Steel gained 2 percent each. Kotak Mahindra Bank rose over 2 percent ahead of second quarter earnings today. The CNBC-TV18 poll expects standalone profit after tax to grow 15.2 percent and net interest income to rise 12 percent year-on-year. However, ONGC, Tata Power, Coal India, PNB, NMDC and DLF were only losers. Risa International, KPIT Technologies, Dewan Housing, Den Networks and Tube Investment rallied 5-17 percent while BASF India, Jagran Prakashan, TVS Motor, Biocon and Sobha Developer were down 2-4 percent.
Wednesday 22 October 2014
Sensex, Nifty celebrate Diwali; Hero, Tata Motors gainers
Equity benchmarks continued to see buying interest led by capital goods, auto, healthcare and technology stocks. The 30-share BSE Sensex climbed 184.49 points to 26760.14 and the 50-share NSE Nifty jumped 55.75 points to 7983.50. The broader markets gained too with the BSE Midcap and Smallcap indices rising 1 percent and 0.8 percent, respectively. About 1343 shares have advanced, 545 shares declined, and 62 shares are unchanged on the Bombay Stock Exchange. Hero Motocorp topped the buying list, up over 3 percent as the two-wheeler maker expects to clock close to 1.5 lakh in retail sales on October 21. "Dhanteras sales of 1.5 lakh will be 40-50 percent growth (YoY)," it said. Tata Motors, Cipla, BHEL, Dr Reddy's Labs and Jindal Steel gained 2 percent each. Kotak Mahindra Bank rose over 2 percent ahead of second quarter earnings today. The CNBC-TV18 poll expects standalone profit after tax to grow 15.2 percent and net interest income to rise 12 percent year-on-year. However, ONGC, Tata Power, Coal India, PNB, NMDC and DLF were only losers. Risa International, KPIT Technologies, Dewan Housing, Den Networks and Tube Investment rallied 5-17 percent while BASF India, Jagran Prakashan, TVS Motor, Biocon and Sobha Developer were down 2-4 percent.
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